Balancing wealth and dependencies
BB1
LOW RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in January 2024.
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GDP |
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Population |
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Form of state | Emirate | |
Head of state | Tamim bin Hamad Al Thani (Emir) | |
Next elections | 2025, legislative |
Strengths & Weaknesses
![Strenghts](/content/onemarketing/aztrade/allianz-trade_com/en_global/economic-research/country-reports/Qatar/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-0-par/wrapper_copy_copy/wrapper/image.img.82.3360.png/1720687529774/plus.png)
- Qatar’s vital role in the LNG market and commitment to diverse sectors, including sports and tourism, fosters economic stability and growth
- Robust diplomatic ties with several countries as mediator on diplomatic disputes and host of global events increase the likelihood of international support in case of another deterioration of relationship with the Saudi-led bloc
- The North Field East LNG expansion project, combined with low inflation and enhanced fiscal policy, supports significant economic development
![Weaknesses](/content/onemarketing/aztrade/allianz-trade_com/en_global/economic-research/country-reports/Qatar/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-1-par/wrapper_copy/wrapper/image.img.82.3360.png/1720687542983/minus.png)
- Qatar’s heavy reliance on hydrocarbon exports exposes its economy to fluctuations in global energy prices, necessitating tax reforms
- Geopolitical instability and trade bottlenecks, especially through the Hormuz Strait, pose risks to Qatar’s export-dependent economy
- The North Field East LNG expansion project, combined with low inflation and enhanced fiscal policy, supports significant economic development
Economic Overview
Trade structure by destination/origin
(% of total, annual 2022)
Exports | Rank | Imports |
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China
16.2%
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1 |
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India
12.2%
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2 |
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Korea, Republic of
11.6%
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3 |
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Japan
9.7%
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4 |
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United Kingdom
6.4%
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5 |
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Trade structure by product
(% of total, annual 2022)
Exports | Rank | Imports |
---|---|---|
Gas, natural and manufactured
68.8%
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1 |
7.0%
Power generating machinery and equipment
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Petroleum, petroleum products and related materials
19.9%
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2 |
6.7%
Miscellaneous manufactured articles, n.e.s.
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Fertilizers other than group 272
2.3%
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3 |
6.1%
Other transport equipment
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Plastics in primary forms
1.8%
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4 |
6.1%
Other industrial machinery and parts
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Organic chemicals
1.2%
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5 |
5.2%
Road vehicles
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